I have just returned from a 1 month holiday up to QLD to Cape Tribulation. Spent a couple of nights on Hinchinbrook Island and went through the Ingham and Halifax areas.
It depends what your looking for. Do you want a positive/negative cash flow property ? I would check out the area for yourself and see if you think it would make a good investment.
As for me I don’t think that there is enough infrastructure at this point in time. It’s abit too quiet for me and you might have trouble getting tenants.
I work in Sydney for a fund manager in a treasury operations role looking after liquidity needs of Commercial Property Trusts. Been at this role for 2 1/2 years.